Water damage to E-M1? Repair cost estimate?

So, I brought my Olympus E-M1 and 50-200 SWD lens along for a kayaking trip today, and the camera was, as expected, splashed sporadically and rained on briefly. It was never submerged, nor was it out in the open during some heavy downpours I encountered -- it was placed in a dry bag. The camera worked flawlessly during the trip, but as I arrived at my car and later at home, I noticed some anomalies:

1) There was some condensation on the inside of the EVF housing; on the inside of the outermost glass covering. The EVF itself still works fine. Any cause for concern??

2) The power switch now behaves oddly. I can still power the camera on, but the switch then either fails to power off the camera, or when it does there's a very noticeable delay until the camera shuts down.

3) Seemingly related to the power issue, when the camera fails to power off using the switch, I can obviously remove the battery to "turn the camera off"...however, putting the battery back in and powering the camera on seems to reset the camera settings (i.e. my customized button functions are back to default settings, the RAW+SuperFine JPEG setting I had selected reverts to either RAW-only or the default JPEG size, etc). This seems so bizarre, and I've never experienced anything like this before today, so I can only guess it's related to some sort of water-related damage/corruption??

Anyway, does anyone have any idea what something like this would cost to fix if I send it in to Olympus? My camera was purchased as a refurb direct from Olympus, but the warranty is certainly expired by now. Plus, the warranty doesn't cover water damage, if I recall, so I understand I'm looking at a total out-of-pocket repair cost here.

It is a flat rate for any repair and it looks like they have raised their prices for the E-M1 since I last looked. Now it is $194.59.

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Ah, thanks for that link! So that's just a base price, so to speak for a basic checkup and repair assessment? I noticed this on the "Repair Information" page: "Actual repair cost may change after the product is inspected."

You should probably do the same thing to the 50-200. I will bet the water entered at the camera lens connection or more likely sucked in while zooming. I've had my 150/2 in nasty weather but have always avoided really heavy rain with the 50-200 because I don't fully trust zooming lenses to remain fully sealed. Not to mention the age of the 50-200 could be such that the seals have worn out.

On a side note I should look at sending in both my lenses to be looked at and seals replaced.

As a counterpoint the rice recommendations, there are some reports that indicate that fresh circulating air is actually significantly better. Proper desiccant is effective but only absorbs a relatively small volume of water before it becomes basically "saturated" (thus useless). Don't have the links, so this is just my recollection of the article.

As a counterpoint the rice recommendations, there are some reports that indicate that fresh circulating air is actually significantly better. Proper desiccant is effective but only absorbs a relatively small volume of water before it becomes basically "saturated" (thus useless). Don't have the links, so this is just my recollection of the article.

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I have had very good luck with this method in general. I tend to suspend the item over the output of a dehumidifier. This provides a stream of dry but not hot air.

It spent a couple of nights around the silica gel and a fan, but the on/off switch (i assume it's the switch and not trouble elsewhere) is still misbehaving. Sometimes it'll turn off via the switch, but it can then sporadically turn itself on while it's just sitting on the table. I've shipped it off to Olympus for repair. Fingers crossed that it's a simple repair and not major damage due to water, since Olympus quotes a full "Impact/Water/Sand" repair at around $730, and at that price I can straight up buy a second used E-M1 and have money left over.

That's gotta be annoying!! I really would expect better from a flagship camera that is marketed as weather resistant. Olympus is trying hard to break into the pro market...this isn't the way to do it.

By the way, I once shot pandas in the rain for 6-7 hours and my E-M5's EVF fogged up after about 4 hours (thankfully no other issues!)...I switched to LCD and kept shooting...the EVF ended up clearing up by the next morning and there have been no lasting ill effects.